FAQ
Frequently Asked Questions
Everything you need to know about leasing equipment with AgLeaseCo.
What is agricultural leasing?
Agricultural leasing lets you access equipment — tractors, irrigation systems, harvesters, and more — by paying for its use over time, rather than paying the full purchase price upfront. AgLeaseCo owns the equipment during the lease term; you use it on your farm.
Why lease equipment instead of paying the full cost upfront?
Buying equipment outright ties up capital that could otherwise go into inputs, labour, land, or expansion. Leasing lets you access productive equipment immediately while spreading the cost over a term matched to your income cycle — keeping your cash free for the rest of your business.
What equipment can I lease?
Equipment across the full agricultural value chain — irrigation, land preparation, sowing and planting, weeding and crop care, harvesting and threshing, and storage. Browse our Equipment page for available categories.
Who can apply?
Farmers and agri-businesses operating in Zambia.
What is the minimum down payment?
A minimum down payment of 25% of the equipment price is required.
What are the available lease terms?
Lease terms (tenors) range from 2 to 5 years, depending on the equipment and your circumstances.
What payment frequencies are available?
You can repay monthly, quarterly, semi-annually, annually, or on a seasonal schedule structured around your harvest cycle.
What interest/rental rate applies?
Rates are charged on a reducing balance and vary depending on your lease amount, generally between 30% and 39% per annum. Your exact rate is confirmed during your application.
Are there processing fees?
Yes, an arrangement/processing fee applies, based on the size of your lease. This is confirmed as part of your application, before you commit to a lease.
Is insurance required?
Yes — insurance is required for tractors, trailers, and 2-wheel tractors (2WT).
What security is required?
No additional collateral is required beyond the leased equipment itself.
What is the minimum lease amount?
The minimum lease amount is $5,000
What is the minimum lease amount?
The minimum lease amount is $5,000
Can I settle the lease early?
Yes. You can settle your lease early by paying the remaining balance, less future interest.
What happens if I miss a payment?
If you're at risk of missing a payment, contact AgLeaseCo as early as possible so we can work with you. Continued non-payment can lead to repossession of the equipment, as set out in your lease agreement.
What documents do I need?
Check LAF
Can I use customary land?
Yes — AgLeaseCo accepts traditional, untitled land; a title deed is not required to apply.
Can I lease equipment for a new farming/business activity?
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How long does approval take?
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How do I request equipment that is not shown on the website?
Use the "Request a Quote" option on the Equipment page, or contact us directly, and our team will help source what you need from our supplier network.
How do I make a complaint?
We take complaints seriously and want the chance to put things right. You can reach us in any of the following ways:
Your Relationship Manager — raise it with them directly
Head Office — visit or submit your complaint at 31C, DG Office Park, Bishops Road, Kabulonga, Lusaka
Email — customerservice@agleaseco.com
WhatsApp — +260762030196, during working hours
Facebook — message our Agleaseco page
Our website — use the Contact form and select "Complaint"